Restoration Risk Retention Group

Restoration Risk Retention Group, Inc. (RRRG) is a stock insurance company owned by its policyholders who consist of SERVPRO^® Franchisees and SERVPRO .

The Restoration RRG was created in 2005 to provide highly specialized, affordable insurance products, to cover SERVPRO Franchisees and their employees while restoring residential and commercial properties that have sustained fire, smoke and water damage.

The Restoration RRG offers Commercial General Liability, Excess Liability, Contractor’s Pollution Liability, Cyber Liability and Limited Services and Repair, operates in all states and is domiciled in Vermont.

Updated Servpro Franchise Insurance Requirements

As Servpro Industries, LLC announced on April 26, 2024, the minimum insurance requirements for a Servpro Franchise have been changed effective August 1, 2024.   

Aligning with the new Franchise requirements, Restoration Risk Retention Group (RRRG) has incorporated the changes into their Franchise insurance solution that will continue to meet the minimum insurance requirements of Servpro Industries, LLC.  

What does this mean to you?

You will see the newly required limits reflected in your renewal proposal.  Additionally, the change in policy limit may affect your premium. 

In accordance with state insurance regulation, you may also receive a “Conditional Renewal Notice” which will outline policy specific changes as required by your state. Note, this notice may arrive via USPS Certified or Certified Return Receipt dependent upon your states’ requirements.  Please watch your mail for this important notice approximately 60-90 days in advance of your renewal date.  

How to Become a Restoration RRG Policyholder

The Restoration RRG insurance policies are reserved for SERVPRO Franchisees only. An initial capital contribution fee of $200 per Franchise is required to enroll and is collected at the time of binding any RRRG policy.

Policy Dividends

As a member owned captive, the RRRG has the potential to provide to members an annual dividend based on the following:

• The policyholder must have been a member a minimum of one year
• The policy holder must have low loss ratios for the active policy term
• The dividend will be in the form of a premium credit at renewal date
• Acceptable financial result of the RRRG

Dividends are not guaranteed and may vary depending on the amount of the client’s premium and years in the RRG.

Financial Rating

Risk retention groups are not required to obtain a financial rating, however Restoration RRG chose to apply for one to help highlight its financial strength.

A.M. Best Company Rating: ‘A‘ (Excellent)  VII

Marsh Affinity, a division of Marsh USA LLC. (Marsh) makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Marsh Sponsored Programs or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company

Disclaimer:

This electronic information is published by RRRG: Restoriation Risk Retention Group, a risk retention group, for educational purposes only and is not intended to be a solicitation or sale of insurance to any person not eligible for membership. Risk retention groups operate under the federal Liability Risk Retention Act of 1986 and provide insurance for the common liability risk exposure of eligible group members. Different state laws may apply.

Policies issued by a risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for risk retention groups. This electronic information is intended solely to provide general information and is not intended to constitute legal advice. If legal advice is desired or needed, an attorney should be consulted.